Moody's Downgrades Nokia To Junk Status

Nokia

Moody's ratings agency on Friday downgraded Nokia's debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings after it announced plans for major cuts and global layoffs. It kept the outlook negative, meaning it could downgrade it again.

Sections:  news   business   
RELATED ARTICLES
  • Amazon may be working on a smartphone with hologram-like 3D
    Amazon is reportedly developing a smartphone that sports a 3D screen that relies on retina-tracking technology to make images seem to float above the screen like a hologram. With the smartphone, users would be able to navigate through content by using their eyes alone, according to two unnamed people who discussed the phone with the Wall Street Journal. More
  • Top Editors Abruptly Leave Village Voice
    Will Bourne, who became editor in chief of The Village Voice in November, and Jessica Lustig, the deputy editor since January, are leaving the weekly publication. They met with the staff at 11 a.m. on Thursday and said that Christine Brennan, executive editor of Voice Media Group, had instructed them to lay off or drastically reduce the roles of five employees on the 20-person staff. More
  • S&P cuts Egypt's credit ratings
    Ratings agency Standard & Poor's has pushed Egypt's sovereign credit ratings deeper into junk status, citing "continued pressure" on foreign reserves. More
  • Microsoft may buy Barnes & Noble's Nook unit for $1 billion
    According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. More
  • HTC Expects Brighter Second Quarter
    Taiwan's HTC expects its second-quarter revenue and operating margin to rise from the first quarter, as sales of the new HTC One smartphone pick up. More
BING NEWS:
  • Moody's downgrades Nokia rating to junk status
    Nokia Corp., the faltering Finnish cellphone maker, closed out the week with another hit to its financial condition: Moody's Investors Service downgraded its credit rating to junk status. Moody's cut the company's rating a notch to Ba1, a non-investment ...
    06/15/2012 - 1:38 pm | View Link
  • Moody's agency downgrades Nokia bonds to 'junk' status
    Nokia, the troubled Finnish mobile phone manufacturer, has had its bonds downgraded to "junk" status by ratings agency Moody's. The news follows Nokia's announcement on Thursday that it is to cut another 10,000 jobs globally, bringing the total planned job ...
    06/15/2012 - 6:33 am | View Link
  • Moody's downgrades Nokia to junk status
    (AP) HELSINKI - Moody's ratings agency on Friday downgraded Nokia's debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings after it announced plans for major cuts and global layoffs. It kept the ...
    06/15/2012 - 12:36 am | View Link
  • Moody's Downgrades Nokia to Junk Status
    HELSINKI (AP) — Moody's ratings agency has downgraded Nokia Corp.'s debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings after it announced plans for major cuts and global layoffs. and says the ...
    06/14/2012 - 7:17 pm | View Link
  • Moody’s downgrades Nokia to junk status
    HELSINKI (AP) - Moody's ratings agency on Friday downgraded Nokia’s debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker’s earnings after it announced plans for major cuts and global layoffs. It kept the ...
    06/14/2012 - 1:00 pm | View Link
  • More
BING SEARCH:
  • AOL
    Get breaking Finance news and the latest business articles from AOL. From stock market news to jobs and real estate, it can all be found here.
    06/25/2017 - 1:36 am | View Website
  • 6 Ways junk status will affect you
    South Africa was downgraded to junk status yesterday by S&P, but what does this really mean for you?
    06/24/2017 - 4:15 am | View Website
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    06/24/2017 - 2:42 am | View Website
  • Technology and Science News
    Get the latest science news and technology news, read tech reviews and more at ABC News.
    06/24/2017 - 12:18 am | View Website
  • Gates of Vienna
    After being taken down twice by Blogger within a single week, we got the message: It’s Time To Go. Gates of Vienna has moved to a new address:
    06/22/2017 - 11:12 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News